Abstract

This paper reviews the privatization and commercialization of China's airports. It looks at the history of change and the ways in which change has been brought about. There remain a number of challenges that constrain the further development of the airports. in the long run, both central and local authorities may have to pursue the course of even greater diversification and commercialization airport ownership structures, while the continuing lack of concrete and transparent performance indicators to gauge policy successes or failures is hampering this reform process as China's Aviation Industry muddles through the rough waters ahead. (C) 2008 Elsevier Ltd. All rights reserved.